5590 5588 Shasta ln Open House Save Request In-Person Tour Request Virtual Tour
La Mesa,CA 91942
OPEN HOUSE
Sat Nov 23, 12:15pm - 3:00pm Sun Nov 24, 12:15pm - 3:00pm
Key Details
Property Type Multi-Family
Sub Type Triplex
Listing Status Active
Purchase Type For Sale
MLS Listing ID NDP2407831
Year Built 1954
Lot Size 0.370 Acres
Property Description
Ask us how to secure affordable rates on this exceptional newly renovated triplex in a prime location, just one exit from San Diego State University and a short drive to San Diego’s stunning beaches and vibrant downtown. This beautifully updated property currently delivers a blend of style and income potential. Owner has approved plans for an additional 1,100 sq. ft. ADU unit, property allows for up to 20 units with city permitting. Each unit features exquisite finishes by a talented interior designer, private backyards that provide a single-family home feel, individual laundry rooms, high-efficiency appliances, and automated parking gates, all surrounding a spacious courtyard perfect for relaxation and community gatherings. Enjoy easy access to Hwy 8, La Mesa Healthcare Center, and Lake Murray Village, with a variety of dining, grocery, and fitness options nearby. This property boasts low maintenance, no HOA fees, and no rent control, making it an ideal investment in a high-demand rental area. Don’t miss this opportunity—schedule your viewing today!
Location
State CA
County San Diego
Area 91942 - La Mesa
Building/Complex Name Lake Murray Community Park
Zoning Zoning: R-3:RESTRICTED MU
Rooms
Other Rooms Shed(s)
Interior
Heating Combination,Central,Ductless,Electric,Fireplace(s),High Efficiency,Heat Pump,Natural Gas
Cooling Ductless,Electric,ENERGY STAR Qualified Equipment,Gas,High Efficiency,Heat Pump,Zoned
Flooring Concrete,Stone,Tile,Vinyl
Fireplaces Type Family Room,Gas,Gas Starter,Living Room
Inclusions 1. Gross Income: $144,000 2. Gross Rent Multiplier: 16 3. NOI: $129,408 4. Unit Mix: A) 2-bedroom, 1-bath Home with courtyard/Backyard ($3900 a month) B) 1-bedroom Home with backyard ($2800 a month) C) One large 1-bedroom unit with backyard ($3200 a month) D) Studio with outdoor kitchen ($1900 a month)
Laundry Laundry Chute,Common Area,Washer Hookup,Electric Dryer Hookup,Gas Dryer Hookup,In Garage,Outside,Stacked
Exterior
Garage Attached Carport,Assigned,Boat,Concrete,Carport,Detached Carport,Driveway,Electric Gate,Garage,Oversized,Deck,RV Potential,One Space
Garage Spaces 2.0
Garage Description 2.0
Fence New Condition,Privacy,Security,Stucco Wall,Vinyl,Wood
Pool None
Community Features Biking,Curbs,Dog Park,Hiking,Lake,Mountainous,Preserve/Public Land,Street Lights,Sidewalks,Urban,Valley,Water Sports,Fishing,Park
Utilities Available Electricity Connected
Amenities Available Hot Water,Utilities,Water
Waterfront Description Lake
View Y/N Yes
View Back Bay,City Lights,Landmark,Neighborhood,Trees/Woods
Roof Type Composition,Common Roof,Shingle
Building
Lot Description Back Yard,Front Yard,Garden,Landscaped,Level,Near Park,Near Public Transit,Value In Land,Yard
Dwelling Type House,Multi Family,Triplex
Story 1
Foundation Raised
Sewer Public Sewer
Others
Acceptable Financing Cash,Conventional,1031 Exchange,FHA,VA Loan
Listing Terms Cash,Conventional,1031 Exchange,FHA,VA Loan
Special Listing Condition Standard